KALO GOLD Announces Dsu and Stock Options Grant
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Kalo Gold Corp.
Suite 1507, 1030 West Georgia Street
Vancouver, British Columbia
V6E 2Y3, Canada
www.kalogoldcorp.com
(TSX.V: KALO)
KALO GOLD ANNOUNCES DSU AND STOCK OPTIONS GRANT
VANCOUVER, BRITISH COLUMBIA, CANADA: 16 DECEMBER 2024, KALO GOLD CORP. (“Kalo”, “Kalo Gold” or the
“Company”) is pleased to announce that, pursuant to the Company’s Long Term Incentive Plan, the Company announces it
has issued an aggregate of 6,621,096 Deferred Share Units (DSUs) to certain officers, directors, and advisors of the Company.
The DSUs will vest on December 16, 2025. Each DSU represents the right to receive one common share in the share capital
of the Company.
The Company has granted 500,000 stock options to a consultant to purchase 500,000 shares (the “Shares”) in the capital of
the Company pursuant to the Company’s share option plan. The Options are exercisabl e at an exercise price of $0.05 per
Share for a period of five (5) years from the date of grant. The Options will be vesting 50% in 12 months and 50% in 24
months.
ABOUT KALO GOLD CORP.
Kalo Gold Corp, a gold exploration company, is focused on exploration for epithermal gold deposits on the Vatu Aurum
Project located on the island of Vanua Levu (North Island) in the Republic of Fiji. Kalo holds a 100% interest in two Special
Prospecting Licenses, covering 367 km2 that hosts a regional scale back arc basin, the Nubu Graben, and several volcanic arc
related calderas. Historical exploration work concentrated on the Qiriyaga Hill and Vuinubu Ridge Gold Deposits and resulted
in the identification of numerous priority epithermal gold exploration targets.
Both Viti Levu, (South Island), and Vanua Levu are on the prolific Pacific “Ring of Fire”, a trend that has produced numerous
large deposits, including Porgera, Lihir, Grasberg, Martha Mine in New Zealand and on Viti Levu (South Island), the
exceptional Vatukoula Gold Mine. The Vatukoula Gold Mine ha s produced more than 7 million ounces of gold since 1937
and continues operations today. The island of Viti Levu also hosts the fully permitted Tuvatu Alkaline Gold Project, where a
high-grade underground gold mining operation has been fast tracked to production.
On behalf of the Board of Directors of Kalo Gold Corp.
Terry L. Tucker, P.Geo.
President and Chief Executive Officer
Kevin Ma, CPA, CA
Executive Vice President, Capital Markets and Director
For more information, please write to [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Statements Disclaimer
Certain statements in this release are forward-looking stat ements, which are statements that are not purely historical,
including any statements regarding beliefs, plans, expectat ions, or intentions regarding the future. Forward looking
statements in this news release include statements relati ng to the Company’s proposed drilling timeline and the proposed
expansion of the exploration program, and the Company’s plans for future exploration on the Vatu Aurum Gold Project.
Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar
expressions. All statements included in this news release, other than statements of historical fact, are forward-looking
statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate
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and actual results, and future events could differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Company’s expectations include quality and quantity of any
mineral deposits that may be lo cated, the Company’s inability to obtain any necessary permits, consents or authorizations
required for its activities, the Company’s i nability to raise the necessary capital to be fully able to implement its business
strategies, and other risks and uncertainties disclosed in the Company’s filing statement dated February 9, 2021 and latest
interim Management Discussion and Analysis filed with certain securities commissions in Canada.
The reader is cautioned that assumptions used in the preparation of any forward-looking statements herein may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The
reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prov e to be incorrect, and actual results may differ materially
from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news release are made as of the date of this news release and
the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian
securities law.